Too-connected-to-fail Institutions and Payments System?s Stability: Assessing Challenges for Financial Authorities

Borradores de Economia
Número: 
644
Publicado: 
Clasificación JEL: 
E58, E44, C63, G21, D85
Palabras clave: 
Payments systems, too-connected-to-fail, too-big-to-fail, systemic risk

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The most recent episode of market turmoil exposed the limitations resulting from the traditional focus on too-big-to-fail institutions within an increasingly systemic-crisis-prone financial system, and encouraged the appearance of the too-connected-to-fai